MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  December 22, 2016 (REPORT 51)                      

OCEANIA                                                          
INFORMATION GATHERED  12/12/2016 - 12/23/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT 

BUTTER: 

Oceania butter prices are steady, holding the highest level of 2016. 
Retail buyers in Australia have mostly secured needed deliveries for 
the holiday week. Export interest at this time is mostly contract 
based, rather than new spot sales. Lower milk supplies continue to 
limit butter production. However, an offsetting factor is that volumes 
of butter exports from Australia July-October this year decreased 
11.1% from the same period last year according to Dairy Australia. The 
value of butter exports this year is 19.7% below last year. At GDT 
Event 178 on December 20, 2016, the all contracts butter price 
increased 0.5% while the January contract declined 0.8%.

82% BUTTERFAT:                           4,250 - 4,475

0930c eric.graf@ams.usda.gov 
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home